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On 16 June 2014, the FCA issued Final Notices against Credit Suisse International (CSI) and Yorkshire Building Society (YBS) £2,398,100 (Stage 1: 30% discount) and £1,429,000 (Stage 1: 30% discount) respectively for failing to ensure financial promotions for CSI’s structured product, Cliquet product, were “clear, fair andnot misleading”. The Cliquet product was designed by CSI to provide capital protection and a guaranteed minimum return with potential for significantly more if the FTSE 100 performed consistently well. The FCA said that it was “unacceptable” that both CSI and YBS highlighted the product’s maximum return, even though the chances of investors receiving this were “close to zero”. CSI and YBS have agreed to contact customers who bought the Cliquet product between 1 November 2009 and 17 June 2012 to offer them the chance to exit the product without penalty and with interest paid up to the date they choose to exit.